Income Tax Articles

Income Tax Act: Sections 28(va) & 40(a)(ia) Explained

Posted by FCS Deepak Pratap Singh 06 October 2021 2709 Views

Understand Sections 28(va) and 40(a)(ia) of the Income Tax Act, 1961. Learn about taxability and disallowance provisions for business income.

Section 54EC: Save Capital Gains Tax on Property

Posted by Neethi V. Kannanth 03 October 2021 12892 Views

Understand Section 54EC to claim exemption on capital gains from property. Invest in specified bonds within 6 months. Learn eligibility & limits.

Instant PAN Card Online via Aadhaar: Easy Application Guide

Posted by Ritika Agarwal 29 September 2021 10614 Views

Apply for an instant PAN card online using your Aadhaar in just 10 minutes. Follow our simple steps on the income tax e-filing website. Free and paperless!

Correct PAN Card Errors: A Simple Guide

Posted by Ritika Agarwal 29 September 2021 24215 Views

Learn how to easily correct errors on your PAN card online or offline. Get accurate details on your Permanent Account Number swiftly.

Tax on Gifts & Awards for Sportspeople in India

Posted by Taxblock 25 September 2021 2866 Views

Understand tax on gifts and awards for sportspersons in India. Discover exemptions and tax rates under the Income Tax Act.

Who is a 'Person' Under IT Act 1961? Definition Explained

Posted by Taxblock 25 September 2021 1952 Views

Understand the definition of 'person' under the Income-tax Act 1961. Learn about individuals, firms, HUFs, companies, and more. Read now!

EPF, PPF & NPS: Differences & Tax Benefits Explained

Posted by Taxblock 25 September 2021 3374 Views

Compare EPF, PPF, and NPS schemes. Understand their features, benefits, and tax advantages for IT employees and individuals. Make informed financial decisions.

Indian Residential Status: How to Determine Your Tax Status

Posted by Taxblock 25 September 2021 4778 Views

Understand your Indian residential status for tax purposes. Learn the criteria for individuals, companies, HUFs, and more. Determine your taxability now!

Business Finance: Methods to Raise Capital for Your Company

Posted by Neethi V. Kannanth 25 September 2021 16077 Views

Explore various methods for raising business finance, from personal savings and public share issues to venture capital and long-term loans. Find the right funding solution.

Reverse Mortgage: Advantages and Drawbacks

Posted by CA Gaurav Choradia 23 September 2021 18414 Views

Senior Citizens are an increasing component of the Indian Society and dependency in old age is increasing in the country. While on the one hand, there is significant increase in longevity and low mortality, on the other hand, cost of good health